SPR Property Prices Double in 5 Years, Gurugram’s Next Growth Engine Emerges

16 Apr 2025 Editorial Team

"Property prices along Southern Peripheral Road (SPR), Gurugram, have surged by 125 per cent in five years, positioning the area as a potential successor to the city’s Cyber City. Rates have risen from Rs 7,690 per sq ft in 2020 to Rs 17,300 by mid-2024, according to PropEquity.

This real estate boom is being driven by robust infrastructure, commercial development, and upcoming projects. The Haryana Government’s Rs 2,000 crore allocation in the 2025–26 Budget aims to further enhance SPR’s connectivity and civic amenities. Complementing this is GMDA’s Rs 8.25 crore upgrade of the Vatika Chowk–NH-48 stretch, which includes a footpath and cycle track project covering sectors 58 to 67.

SPR is now home to major corporate offices, including American Express, Air India’s training center, and 18 commercial developments, such as Skyview Corporate Park and Bestech Business Tower. Employment in the area has crossed 82,000. New launches on SPR grew by 584 per cent between 2020 and 2024, with housing supply increasing from 1,602 to 10,962 units.

Developers like DLF and Signature Global are betting big on the region, with upcoming landmarks such as the DLF Mall of India set to boost retail and business prospects. Signature Global’s Chairman, Pradeep Aggarwal, and Krisumi Corporation’s Chairman, Ashok Kapur, both underline SPR’s strategic location and rising appeal for investors and end-users.

With proximity to key nodes—20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram—SPR offers strong connectivity. Its social infrastructure includes reputed schools, hospitals, and premium hotels, strengthening its profile as an integrated urban hub.

Recommended projects in the region include DLF Privana West, Signature Global Titanium SPR, and Eldeco Fairway Reserve.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Property prices along Southern Peripheral Road (SPR), Gurugram, have surged by 125 per cent in five years, positioning the area as a potential successor to the city’s Cyber City. Rates have risen from Rs 7,690 per sq ft in 2020 to Rs 17,300 by mid-2024, according to PropEquity.This real estate boom is being driven by robust infrastructure, commercial development, and upcoming projects. The Haryana Government’s Rs 2,000 crore allocation in the 2025–26 Budget aims to further enhance SPR’s connectivity and civic amenities. Complementing this is GMDA’s Rs 8.25 crore upgrade of the Vatika Chowk–NH-48 stretch, which includes a footpath and cycle track project covering sectors 58 to 67.SPR is now home to major corporate offices, including American Express, Air India’s training center, and 18 commercial developments, such as Skyview Corporate Park and Bestech Business Tower. Employment in the area has crossed 82,000. New launches on SPR grew by 584 per cent between 2020 and 2024, with housing supply increasing from 1,602 to 10,962 units.Developers like DLF and Signature Global are betting big on the region, with upcoming landmarks such as the DLF Mall of India set to boost retail and business prospects. Signature Global’s Chairman, Pradeep Aggarwal, and Krisumi Corporation’s Chairman, Ashok Kapur, both underline SPR’s strategic location and rising appeal for investors and end-users.With proximity to key nodes—20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram—SPR offers strong connectivity. Its social infrastructure includes reputed schools, hospitals, and premium hotels, strengthening its profile as an integrated urban hub.Recommended projects in the region include DLF Privana West, Signature Global Titanium SPR, and Eldeco Fairway Reserve.

Real Estate

08 Sep 2025

Max Estates Secures 7.25 Acre Land in Gurugram for Luxury Housing

Max Estates (Max Estates), a leading NCR real estate developer, has acquired development rights for a 7.25 acre land parcel in Sector 59, Gurugram, along the prime Golf Course Extension Road. The project has a development potential of approximately 1.3 million sq ft with an expected outlay of Rs 5.34 billion, offering a Gross Development Value (GDV) of more than Rs 30 billion. The transaction involves the purchase of 100 per cent shareholding in Base Buildwell (BBPL), the SPV holding license and development rights for the parcel, subject to regulatory approvals. With this acquisition, Max..

Resources

08 Sep 2025

10th Belt and Road Summit to Drive Collaboration in Hong Kong

The 10th edition of the Belt and Road Summit will be held on September 10-11 at the Hong Kong Convention and Exhibition Centre, marking a decade of progress under the Belt and Road Initiative (B&RI) and opening new avenues for collaboration among governments and businesses. Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the Summit is themed “Collaborate for Change • Shape a Shared Future”. It will feature over 90 high-level government officials and business leaders from across Belt a..

Infrastructure Transport

08 Sep 2025

Mumbai Introduces 12-Metre Electric Buses in BEST-PMI Partnership

In a milestone for sustainable urban transport, PMI Electro Mobility’s Mumbadevi Mobility, in partnership with the Brihanmumbai Electric Supply and Transport (BEST), launched the first batch of fully electric buses in Mumbai. At an official ceremony held at the BEST Office, Colaba Depot, four 12-metre e-buses were flagged off by Ashish Sharma, IAS, General Manager, BEST. This marks the first phase of a 250-bus fleet aimed at strengthening public transport and cutting the city’s carbon footprint. The buses will operate from Oshiwara Depot, serving high-demand routes for greater c..